Non-Fungible Tokens And Domains

Non-Fungible Tokens (NFTs)

Before understanding the Non-Fungible Tokens, let's consider a large number of stones on the beach. In the real world, every stone on the beach has different weight, appearance and rock type. There are no two identical stones, just like two leaves can not be found. Besides, you can't easily combine two stones together. Therefore, we say that every stone is "indivisible" and "not to be combined".

An example in block chain is the CryptoKitties, which was once a hot game in the block chain world. Each cat has unique numbers and attributes.

An NFT Token is similar to an individual of a kind of stone in the real world, or a block chain cat.They are natural different in the real world, and so are in our system.

On Blockchain, NFT is mainly used for tickets, real estate, props, coupons, income rights, CryptoKitties and so on with unique numbered assets or interests, each NFT is unique. In everiToken, the issue, management and transfer of NFT follow the Authority Tree model. NFT is stored and calculated through our token-based model on everiToken chain. NFT is the most distinctive type of Token in everiToken system.

Domains

Generally speaking, NFT Token is divided into different categories according to their different value types. We can categorize the same kind of NFT Token to form a Domain.

Domain has three kinds of authorization: issue, transfer, manage:

issue means who has the authorization to issue token in this domain.

transfer means who has the authorization to transfer token in this domain.

manage means who has the authorization to manage this domain: change the authorization of the domain.

Domain which begin with a . is for specific use, as .fungible which is a special domain that manage fungible token.

Try NFTs via evtc

evtc is a command line tool to manage everiToken wallet and to send commands to the chain.